- Year built
- 1955
- Type
- Cooperative
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Subletting by shareholders
- Permitted with conditions
- Pied-à-terre
- Not permitted
- Dogs
- Not permitted
- Cats
- Requires confirmation
- Washer/dryer
- Not permitted
- Maximum financing
- 80% of the purchase price
- Doorman
- Full-time doorman
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at East River Housing would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
453 FDR Drive is one of the riverfront towers of East River Housing, the cooperative that occupies the eastern edge of Cooperative Village along the FDR Drive and the East River esplanade. Incorporated in 1950, dedicated in 1955 and fully occupied in 1956, East River Housing followed Amalgamated Dwellings and Hillman Houses as one of the four labor-sponsored cooperatives that make up the Village, sponsored by the International Ladies' Garment Workers' Union under David Dubinsky and built by the United Housing Foundation. Designed by George W. Springsteen with Herman J. Jessor, it is among the earliest large-scale member-owned developments in Manhattan.
Its relevance to today's buyer is the same arc that defines Cooperative Village: a move from limited-equity to full-equity ownership. For its first decades the cooperative held resale prices below market in exchange for tax benefits; following the mid-1990s reconstitution and a phased transition, the price ceilings were lifted and the building now trades at full market value — with not-for-profit cooperative management. The ownership history does not establish low current carrying costs; compare the actual maintenance, assessments, included utilities and capital obligations.
For buyers, 453 FDR offers something most downtown ownership cannot: open East River frontage. Upper-floor homes look across the water to Brooklyn, the bridges, and the skyline, with the river promenade at the building's doorstep — all at Lower East Side pricing.
Architecture and unit composition
453 FDR is a 20-story red-brick tower in the functional, light-filled cooperative idiom Jessor and Springsteen used throughout the movement — efficient plans, generous windows, and an emphasis on air and outlook rather than ornament. The East River Housing towers sit on a landscaped superblock with a gated private park and planted courtyards, oriented to take advantage of the waterfront — a deliberate, almost park-like setting on the edge of a dense neighborhood.
The apartments are spacious one-, two-, and three-bedroom layouts with the solid construction, real foyers, and room sizes of mid-century building. The defining feature is the water: a large share of the homes enjoy direct or partial East River exposure, and the upper floors deliver some of the best open views available anywhere in the price range. Consistent floor plans across the lines make value easy to read from unit to unit.
Building operations
East River Housing is a member-owned cooperative, and the amenity package at 453 FDR is among the deepest in Cooperative Village. The building offers a fitness center, a children's playroom, community rooms, laundry, on-site parking, and 24-hour security with an attended lobby, in addition to the gated private park and landscaped grounds shared across the East River towers. Review the current budget, audited statements, debt and any assessments to see how carrying charges are set and what they fund.
The ordinary pet policy requires confirmation: earlier profile text permits cats, while the October 2026 management schedule says pets are not allowed. Obtain the current written rule. Subletting is described as allowed after an initial ownership period with board approval and a sublet fee, and a transfer fee applies on resale. Qualified purchasers may finance under a standard down-payment requirement, with a cooperative board package and interview as part of the process. Confirm the current application and fee schedule with management.
Application and transaction fees
Fees below are from building management's published schedule, as of October 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
Purchase
3 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Additional Credit Report FeePer applicant | Paid by Buyer | When With the application | Amount $250 per adult beyond the 2nd applicant | Refundable Non-refundable |
| Application Processing Fee | Paid by Buyer | When With the application | Amount $2,900 | Refundable Non-refundable |
| Attorney Fee | Paid by Buyer | When With the application | Amount $500 | Refundable Non-refundable |
Sublet
5 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Subtenant | When With the application | Amount $1,200 | Refundable Non-refundable |
| Consumer Credit Report FeePer applicant | Paid by Subtenant | When With the application | Amount $250 per adult beyond 2nd applicant | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move-In/Move-Out Deposit | Paid by Shareholder | When Upon approval | Amount $500 | Refundable Refundable |
Sublet renewal
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Subtenant | When With the application | Amount $800 | Refundable Non-refundable |
| Consumer Credit Report FeePer applicant | Paid by Subtenant | When With the application | Amount $250 per adult applicant beyond the 2nd. | Refundable Non-refundable |
Ownership transfer
5 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Shareholder | When With the application | Amount $500 | Refundable Non-refundable |
| Stock Certificate and Proprietary Lease FeeConditional | Paid by Shareholder | When With the application | Amount $225 (if applicable) | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Transfer Deposit Fee | Paid by Shareholder | When With the application | Amount $2,500 | Refundable Refundable |
Transfer: remove name
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Shareholder | When With the application | Amount $950 | Refundable Non-refundable |
Transfer: add name
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Shareholder | When With the application | Amount $950 | Refundable Non-refundable |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Financing and purchase requirements
- Maximum financing
- 80% of the purchase priceSource: building management's published schedule, as of October 2026
- Guarantors
- Permitted with conditionsIf NeededSource: building management's published schedule, as of October 2026
- Co-purchasing
- PermittedSource: building management's published schedule, as of October 2026
- Parent buying for an employed child
- PermittedSource: building management's published schedule, as of October 2026
- Parent buying for a student child
- PermittedSource: building management's published schedule, as of October 2026
- Purchase or lease by a corporation
- PermittedSource: building management's published schedule, as of October 2026
Sublet and pied-à-terre policy
A condominium owner leasing a unit and a co-op shareholder subletting are different rules, and a building-wide rule is different from a restriction on one apartment. This is the building's rule; confirm it for the specific apartment.
- Subletting by shareholders
- Permitted with conditionsNot allowed following purchase for 2 yearsSource: building management's published schedule, as of October 2026
- Pied-à-terre ownership
- Not permittedSource: building management's published schedule, as of October 2026
- Short-term rentals
- Not permittedSource: building management's published schedule, as of October 2026
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Pets and in-unit washer/dryer
- Dogs
- Not permittedSource: building management's published schedule, as of October 2026
- Cats
- Requires confirmationSources differ. Confirm with building management.
- In-unit washer/dryer
- Not permittedSource: building management's published schedule, as of October 2026
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Monthly carrying charges in recent sales
- Maintenance, per room
- $320 per room a monthMedian of 42 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Maintenance, per square foot
- $1.42 per square foot a monthMedian of 30 recorded sales since October 2023Source: recorded sales, refreshed October 2026
Maintenance as recorded with each sale. A co-op's maintenance already covers the building's real estate taxes and the building's own mortgage, if it has one; add your own loan payment for the monthly outlay. A summary of recorded sales, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Full-time doormanSource: recent listing records
- Concierge
- YesSource: recent listing records
- Attended lobby
- YesSource: The Roebling Team's building profile
- Live-in superintendent
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- Fitness room, playroom, garageSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $446,249/yr
- Per unit / month range
- $0 – $45
- Modeled exposure split equally across 833 units (the residential count on the city's lot record). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. A filed Safe grade is not a guarantee of current condition: owners still maintain the facade and, where required, observe parapets each year. Future inspection timing (Local Law 49 of 2025 changed the cycle framework from October 1, 2026), repair and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
Management & transfer contacts
- Sublet policy
- Allowed, but not for 2 years following purchase. Short-term rentals/AirBnB not allowed. Sublet app $1,200
- Pied-à-terre
- Not allowed (secondary residence allowed). Post-closing liquidity required
- Policies and fees
- Co-op (HDFC/Coop Village). Max financing 80%. No pets/dogs, no W/D. Buyer app $2,900 + attorney $500; transfer add/remove name $950; transfer deposit $2,500 (refundable)
Recent sales
Recent transfers at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Jul 14, 2026 | F504 | 2 BR · 1 BA · 1,000 sf | $850,000 | $850/sf | -1.7% |
| Jul 7, 2026 | D307 | 2 BR · 1 BA | $805,000 | +1.3% | |
| May 13, 2026 | E1101 | 2 BR · 1 BA | $850,000 | +0.0% | |
| Mar 31, 2026 | 1406 | 2 BR · 1 BA · 1,000 sf | $985,000 | $985/sf | -6.2% |
| Mar 31, 2026 | B1504 | 1 BR · 1 BA · 800 sf | $585,000 | $731/sf | -2.3% |
| Mar 19, 2026 | C2004 | 2 BR · 2 BA | $2,000,000 | -4.8% | |
| Mar 4, 2026 | F1407 | 2 BR · 1 BA | $890,000 | -4.2% | |
| Dec 4, 2025 | E1806 | 1 BR · 1 BA | $635,000 | -2.2% |
Market read. Most recent trades (2026 to date) cleared a median $850/sf (recorded) across 3 sales. Median listing discount 1.9% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Jul 1, 2014 | B1406 | $480,000 |
| Dec 10, 2009 | F1502 | $319,000 |
| Jun 11, 2003 | F1203 | $289,000 |
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00263-0008). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage on co-ops is not officially recorded, figures shown are approximate.
Closed rents at East River Housing, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| 2 bedroom | 4 | $4,472 |
Also $54 per sq ft per year (4 leases that report square footage). 6 closed sublet leases, October 2023 to September 2026. Most recent lease December 2025. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
What would your apartment rent for?
The figures above are the building's closed leases. Enter your apartment and I'll send you what yours would rent for, from comparable leases at East River Housing and nearby.
At the recent median sale of $800K (29 transfers in the past 24 months, since October 31, 2024), a buyer putting 25% down would pay about $11,550 to close, or 1.4% of the price.
- Mansion tax: $0
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $11,550
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
Keep up with East River Housing and its market
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What to know if you’re buying
This is a waterfront-value purchase inside a fully reconstituted cooperative. It is a full-equity co-op, so resale prices are market-driven and appreciation accrues to the owner. Carrying charges are set by a not-for-profit cooperative; review the current budget, audited statements, debt and any assessments before relying on today's level. The amenity set is unusually deep — a fitness center, playroom, private park, parking, and 24-hour security — for a building at this price point. Subletting is permitted with conditions; the October 2026 management schedule prohibits ordinary pets, while earlier profile text permits cats; confirm the current rule. Disability-related accommodations are assessed separately from ordinary pet restrictions. Expect a standard board package and interview, a customary down payment, and a transfer fee on resale. We help buyers underwrite the maintenance, read the building's financials, and target the river-facing lines that drive long-term value.
What to know if you’re selling
Lead with the river. Direct East River views and esplanade access at Lower East Side pricing are the headline, with the view and access to be compared against specific alternatives and current conditions. Pair that with the economics — full-equity ownership with current maintenance and assessments to verify, plus a fitness center, private park, and 24-hour security. Benchmark within East River Housing and Cooperative Village, comparing floor, exposure, and renovation level against recent trades in the same line, and assess the price contribution of the specific river outlook. Present the waterfront features accurately and assess marketing time from dated listings and sales; the shareholder count does not guarantee a quick sale.
Comparable buildings
If you're considering 453 FDR Drive, also evaluate other Lower East Side cooperative and condominium inventory:
- 572 Grand Street — a neighboring Cooperative Village tower
- 455 Main Street — Roosevelt Island riverfront building for comparison
- 38 Delancey Street — Lower East Side residential building nearby
- 196 Orchard — newer Lower East Side condominium
- 215 Chrystie Street — downtown condominium tower
- 148 Attorney Street — Lower East Side residential building
More Lower East Side buildings
- 330 Grand Street — 2022 condominium
- 357 Grand Street — 1960 co-op
- 409 Grand Street — 1960 co-op
- 500 Grand Street — 1949 co-op
- The Amalgamated Dwellings (504 Grand Street) — 1929 co-op
- 530 Grand Street — 1949 co-op
The neighborhood
For the full corridor — architecture, transit, and pricing across Lower East Side — read The Roebling Team Guide to Lower East Side.
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at East River Housing?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com